Watson Institute for International and Public Affairs

Was it all for Nothing? The Survival of the Euro and the European Project.

Thursday, April 14, 2011

12 p.m.

Joukowsky Forum

A little under twenty years ago Europe signed the Treaty of European Union, paving the way for not only greater political union, as had been the norm, but greater economic union. This culminated in the 1999 launch of the Euro as the single European currency. However, far from being the crowning achievement of European policymakers, the Euro increasingly threatens to derail the wider European project. A series of design flaws in the European monetary system that the global asset bubble covered up until 2008: the failure of fiscal rules to enforce discipline, the lack of a common European bond market, the divergence of productivity between north and south, and the lack of a real lender of last resort, are now cruelly exposed. This panel discusses the future of the Euro and the Future of the EU itself in the light of these and other issues.

The discussants are Alfred Gusenbauer the former Chancellor of Austria, Romano Prodi, Former Prime Minister of Italy and President of the European Commission.

The panelists are Mark Blyth of Brown University, Henry Farrell of the George Washington University, Wade Jacoby of Brigham Young University, and Matthias Matthijs of American University.